WINTON GROUP Ltd Has $1.78 Million Holdings in Diageo plc $DEO

WINTON GROUP Ltd grew its holdings in shares of Diageo plc (NYSE:DEO) by 637.8% in the 2nd quarter, Holdings Channel reports. The fund owned 22,135 shares of the company’s stock after buying an additional 19,135 shares during the period. WINTON GROUP Ltd’s holdings in Diageo were worth $1,779,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Continuum Advisory LLC acquired a new stake in shares of Diageo in the 2nd quarter valued at approximately $29,000. Cassaday & Co Wealth Management LLC acquired a new position in Diageo during the 1st quarter worth approximately $34,000. Basepoint Wealth LLC acquired a new position in Diageo during the 4th quarter worth approximately $55,000. MCF Advisors LLC lifted its stake in Diageo by 2,776.0% in the 4th quarter. MCF Advisors LLC now owns 719 shares of the company’s stock valued at $62,000 after purchasing an additional 694 shares during the last quarter. Finally, Axiom Investment Management LLC bought a new position in Diageo in the 1st quarter valued at approximately $54,000. Institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DEO shares. Zacks Research raised shares of Diageo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 25th. TD Cowen reiterated a “buy” rating on shares of Diageo in a research note on Monday, August 10th. UBS Group reissued a “neutral” rating on shares of Diageo in a report on Thursday, August 27th. Loop Capital set a $99.00 price objective on Diageo in a research report on Thursday, June 18th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a report on Friday, July 17th. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Diageo has an average rating of “Hold” and a consensus target price of $106.25.

Diageo Stock Up 0.4%

Shares of NYSE DEO opened at $86.67 on Friday. The firm has a 50 day moving average price of $88.67 and a two-hundred day moving average price of $83.47. Diageo plc has a 52-week low of $72.45 and a 52-week high of $103.24. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.62 and a current ratio of 1.60.

Diageo Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, December 3rd. Investors of record on Friday, October 16th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a dividend yield of 252.0%.

About Diageo

Diageo plc (NYSE: DEO) is a global beverage alcohol company headquartered in London, England. It produces, markets and distributes a broad portfolio of spirits, beer and ready-to-drink beverages, serving consumers in more than 180 countries.

Its portfolio includes brands such as Johnnie Walker, Crown Royal, Smirnoff, Cîroc, Captain Morgan, Baileys, Tanqueray, Don Julio, Casamigos, Guinness and Bulleit. The company’s business activities span distilling, brewing, brand development, marketing, sales and distribution across multiple alcohol categories and geographic markets.

Diageo was formed in 1997 through the merger of Grand Metropolitan and Guinness.